• search

Mcdowell raises $ 230 mn via GDS

Written by: Staff
|

Mumbai, Mar 30 (UNI) Liquor company Mcdowell has allotted 87,51,381 equity shares of Rs 10 each for raising USD 130 million through global depository shares (GDSs).

The company has also raised another USD 100 million via foreign currency convertiable bonds(FCCBs).

The UB group company today informed the BSE the decision to issue 17,502,762 GDSs, with 2 GDSs representing one equity share, at a price of USD 7.4274 per GDS ( Rs 660 per share) was taken in the board meeting held yesterday.

Post-allotment, the paid-up equity capital will stand at over Rs 604 crore at 60,471,409 shares of Rs 10 each.

The company has also issued 2 per cent convertible bonds due 2011, each bond having face value of USD 1000. The bonds are convertible by holders into shares at par value of Rs 10 each or GDSs.

It said GDSs will be listed at Luxembourg Stock Exchange, while FCCBs at the Singapore Stock Exchange.

UNI SN SA SKB1742

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more